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Author: Subject: stealth tax?
02GF74

posted on 28/2/08 at 01:24 PM Reply With Quote
stealth tax?

so Notwork Rail get fined £ 14 M, last week some gas/electric cmpany got fined over monoploy for meters, last year some water company was fined.

This money, in the case of NR goes to governent, and probably the others too.

So which do you think is the more likley?

The fat cat directors say ooh dear, we can't have this and forgo their £ 4m bonuses, hand back the keys to their all expenses paid company Daimlers or do they just hike up the prices for the customer?

In other words, we end up paying for their f**k ups, the govermnent is quids in either way with another instroduced "tax".









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matt_claydon

posted on 28/2/08 at 01:31 PM Reply With Quote
Well, in theory what happens is the company makes less profit, the shareholders get smaller dividends and we pay slightly less tax as some of it has been paid by NR or whoever. Whether that's what actually happens is another matter!
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Jubal

posted on 28/2/08 at 01:42 PM Reply With Quote
It's a travesty. The boss is getting a knighthood today! Same day they are fined. Plus, they are really a public company anyway so the fine doesn't mean anything. What a crock.
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BenB

posted on 28/2/08 at 01:43 PM Reply With Quote
Companies run to make money. They'll screw as much money out of the consumer as possible.

Cases in point- British Gas reveals record profits whilst simultaneously putting up household prices.... Base rate goes down, mortgage companies don't pass the reduction down to consumers....

The annoying bit about the British Gas profits was their excuse of

"we need to make lots of profit so we can invest in new greener technologies"

BS. That's almost as pathetic excuse as the government passing endless dictats on the basis of "fighting terrorism". Or the BP advert showing them working on greener fuel. What next? The MoD sponsering mothercare to make them look more touchyfeely?

The whole Northern Rock thing narks me rather. Shareholders have been taking dividends and making money from a fundmentally floored (or at very best high risk) buisness model. The board have been paid (very nicely indeed) for running this Emporers New Clothes buisness model and now that the bank is finally sucked dry of money the government is propping it up to tune of 2 grand per person.... All the shareholders on TV were winging on television about the risk of the bank going bust and them losing their money. I bet they weren't winging when their dividends came in. What next, people suing bookies when they lose money.... Oh yes, I forgot......



Oh well, rant over. At least with nationalised companies they're just incompetent. Privatised companies are just incompetent nationalised companies with bigger salaries for the board and money leaking out through ever poor into the pockets of shareholders..... which of course ultimately we pay for as well..... Join the revolution brothers

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vinny1275

posted on 28/2/08 at 01:53 PM Reply With Quote
The irony of network rail is that 50% of it's money comes from the government. Most of teh other 50% comes from the rail companies, tariffs set by the government. So the regulator, another quango, takes a fine from NR, and passes it back to the treasury, from whom it came in the first place!!

we're paying for this quango to take money from one government arm and give it to another (pretty much the same as speed camera partnerships, now I come to think of it). it's completely crazy. This is how the government has reduced unemployment over the last 10 years - making hundreds of thousands of jobs in government, mainly to keep a closer eye on other government departments or implement the ever more complex tax systems....

I think we should annexe a nice part of the country and stage a revolution to become a republic. Where shall we start?








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Jubal

posted on 28/2/08 at 02:21 PM Reply With Quote
quote:
Originally posted by vinny1275
This is how the government has reduced unemployment over the last 10 years - making hundreds of thousands of jobs in government, mainly to keep a closer eye on other government departments or implement the ever more complex tax systems....



So true, and many are malingering, lazy jobsworths. "I'm using up my sick days" is a classic one spouted at me recently when challenged why she was at home when I rang a mate. How is that acceptable?

I've trimmed your republic idea though, the UK public are (in general) far too comfortable to want to risk their lifestyles. Look at history to see just how far you can push a populace before anything happens.

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iank

posted on 28/2/08 at 02:21 PM Reply With Quote
quote:
Originally posted by vinny1275
...This is how the government has reduced unemployment over the last 10 years - making hundreds of thousands of jobs in government, mainly to keep a closer eye on other government departments or implement the ever more complex tax systems....
...


Actually the truth is even worse. A huge number of long term unemployed have been re-catagorised onto disability benefit.

Look at the graphs and you'll see that group grew at almost the same rate as the reduction in unemployment. A classic smoke and mirrors way to improve the numbers that get reported rather than solving the problem.





--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous

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